Canada Lands Company launches Rockcliffe redevelopment in Ottawa

OTTAWA, Nov. 8, 2012 /CNW/ - Canada's capital is one step closer to
having a new and world class urban community just a few kilometres from
Parliament Hill. After much anticipation, Canada Lands Company CLC
Limited (CLC), owner since 2011 of the former Canadian Forces Base
Rockcliffe, announced today the renewal of planning and public
consultation for the redevelopment of the property, which will begin
with a community Ideas Fair slated for Monday, November 26, at the
Canada Aviation and Space Museum.

"Rockcliffe represents one of the most significant community building
opportunities in Ottawa", said Robert Howald, Senior Vice President of
Real Estate at Canada Lands Company.

This project is moving forward thanks to the collaboration of the
Algonquins of Ontario (AOO), and the Participation Agreement struck
between the AOO and CLC. The Agreement provides for ongoing
consultation throughout the planning and development process as well as
commemoration of Algonquin heritage and economic participation.

"We are pleased to participate with CLC in this exciting project which
will celebrate the Algonquin presence in the Nation's Capital while
contributing to the economic vitality of the region," said Robert J.
Potts, Principal Negotiator and Senior Legal Counsel for the Algonquins
of Ontario.

In keeping with CLC's commitment to commemorating the legacy of its
significant sites, CLC will honour the important military history as
well as the First Nations heritage and legacy of the land.

"CLC is excited by the potential of this site as one of the city's most
promising canvases. We want to build a neighbourhood that the entire
City of Ottawa can be proud of and we look forward to working with the
community to help us create it," CLC Senior VP Robert Howald added.

The company has just completed building its project team. Leading the
development process for this property is CLC's real estate director for
Rockcliffe Don Schultz. "We have put in place a strong development
team that is very committed to this project's success. These
individuals will all be on hand at the Ideas Fair," said Mr. Schultz.

To keep Ottawans informed, CLC also launched a brand new website - www.clcrockcliffe.ca - which will provide the latest news and information about the site,
consultation process and events.

"We want to develop an innovative neighbourhood that sets the highest
standards for strong design, sustainable development and economic
viability," said Mr. Howald. "We are aiming to provide an appropriate
mix of uses in housing, employment and amenities, while making sure
there are significant natural features and public spaces."

Unique Opportunity

Situated close to Ottawa's urban core, the 310-acre (125-hectare) site
at Rockcliffe is a unique opportunity to integrate a large, former
military base into its surrounding community. Building off the most
recent best practices in community planning and principles of
sustainable development that have led to award-winning projects in
Chilliwack, Edmonton and Calgary, CLC promises to develop a progressive
community that will add to the vibrancy of Ottawa, and will honour
Rockcliffe's past while guiding it firmly into the future.

The Ideas Fair will be held from 3:00 to 9:00 p.m. and will feature
presentations at 4:00 and 7:00 p.m., along with interactive stations
where the public can speak with project team members throughout the
evening.

For more information about CLC's Rockcliffe redevelopment and community
consultation events, please visit www.clcrockcliffe.ca.

A list of profiles for CLC's project team is attached.

About CLC
CLC is a federal Crown corporation that optimizes the financial and
community value obtained from surplus strategic properties no longer
required by the Government of Canada. The company is self-financing
and implements innovative, sustainable property solutions to create
strong and competitive communities wherever it operates.